The latest involved at least 50 million accounts.
If the lapse in security violated FTC regulations, Facebook could find itself potentially facing trillions of dollars in damages. Shareholders beware. It might be time for the shorts to move in. Here are more details from Maya Kosoff at Vanity Fair.
It's not hyperbolic to say: The world has been Zucked. It was Mark Zuckerberg who positioned and packaged Facebook as a technological wonder. All the people of the world could enjoy meaningful connections on that platform.
Now we know that technology just isn't up to snuff. This time the hackers located a vulnerability in the "View As" feature.
The technology at Theranos also wasn't up to snuff. In fact, as The Wall Street Journal reporter John Carreyrou outed, the technology didn't exist at all. Theranos founder Elizabeth Holmes has been indicted by the feds for alleged fraud.
Part of being Zucked is a total crisis of confidence in technology. It isn't what "they" say it is.
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